Loan Receivable - Third Party |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan Receivable - Third Party [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LOAN RECEIVABLE - THIRD PARTY | Note 6 — LOAN RECEIVABLE - THIRD PARTY
Loan receivable – third party, net consisted of the following:
The Company provided a term loan to Borrower A, an independent third party, in the principal amount of S$2,621,944 ($2,000,000). The loan bears interest at a fixed rate of 5% per annum and was originally scheduled to mature on April 15, 2025.
As of the date of the issuance of unaudited condensed consolidated financial statements, the Company has collected S$2,265,000 and extended the remaining balance of S$356,944 to October 15, 2026. |
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